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contracting last year for the first time in four years and consumer confidence tanking as that payroll tax hike cuts into workers' paychecks. add it all up, is it time to strike calls for more tax hikes? down. i'm brenda buttner, this is "bulls & bears." we've got gary smith, tobin smith, jonas max ferris, and john layfield and susan fox. the white house and democratic leaders still pushing tax hikes. should they be? >> absolutely not, brenda. what i don't understand is how you can propose tax hikes without looking at what the scholars say, the studies say. look, if there was studies out there says raising taxes, great for the economy, i'd get behind it. but you know what, brenda? every single scholarly study for the past 15 years has said one thing: higher taxes, negatively impact growth. it's funny, forget all that, though. if you just look anecdotally, when the left wants to inhibit behavior, whether it's energy consumption or cigarette smoking or any one of the other things they have, what's the very first thing they do? they raise taxes! yet they say in this case, raising taxes is no
. the president and senator reid old want more revenue beating one way or another, more taxes. and yes, the dow is turning away from backing off from 14,000. here we go, everyone. "varney & co." is about to begin. [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. stuart: we are going to call this a news alert. senator harry reid calling for more tax increases. in an interview on abc yesterday, he said tax revenue must be part of any deal to be part of the little defense cuts. here is senator reid. >> the american people are on our side, and america p
, this is the same president that said there was no tax increase, and told us about 17 different tax breaks for small business, if you had your faith in this guy before you voted and you you voted for him, and youon a small, or you work for a small, i have a bridge for sale in brooklyn, i live a long a away, come on, this is nothing. nothinbut promises. marko, what about the fact that government, you small be owners never rely on the government, you rely on your own hutzpah you got. we do, and politicians do not create job and small business owners and entrepreneurs like us. but that is also why i can't understand why you cancel our council on jobs because it is those people there are out there in trenches that are creating jobs across small towns and city across america, why would you stop that dialogue and not listen to them. tom. toma, what about obamacare? the question that has been at least last year. was, the uncertainty, the uncertainty, of what it would cost, do you feel any more uncertainty or had any more certainty now we have one month you were our belt? >> we don't feel more certain about
that includes spending cuts, but house speaker, john boehner, says tax hikes are out of the question. >> every month feels the same. high unemployment, a rise in our prizes and more debt for our kids and grandkids. >> he does not want another tech rare fix. some house republicans have indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. those cuts would take a big bite out of military spending and domestic programs. including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >> you stop for this passenger, you stop for the white passenger, you pass the black passenger, and you're not even licensed to pick up people on the street at all. >> quite a confrontation and now we have a big development in the wake of our undercover d.c. taxi investigation. the taxi cab commission is taking action to address the violations that we exposed. and it could include inspectors working alongside of our undercover crews. investigative reporter has been logging a whole lot of miles on this one, and russ, how would they embed their
meningitis. >> baltimore city and county people can get their taxes done free. >> winter weather advisory. was a morning to the north. -- blizzard warning to the north. >> the case of bacterial meningitis at loyola -- at loyola university's night. an undergraduate did was diagnosed today and taken to hospital for treatment -- an undergraduate student was diagnosed a day and taken to hospital for treatment. this dude was listed in serious but stable condition. twitter -- the student was listed in serious but stable condition. twitter, facebook, youtube -- school officials believe it will serve as a vital tool to enhance education, communication and learning. it would prohibit communication between students and staff but the district says there is little doubt about how social media would benefit the classroom. >> we will look at unblocking social media sites to use them for instructional purposes. >> this is only the first reading on the social media policy. if it is approved by the school board, it would go on the books this fall. >> it is time to start thinking about filing taxes again.
have similar restrictions since sandy hook guns and ammo have been flying off shelves. a 50% tax on ammo has been introduced. legislation has been introduced to limit ammo you can buy. >>> you heard her story. tonight the name of a woman and our exclusive interview. >>> maryland's most powerful radar tracking snow to the west. how this could impact your commute, ahead. >>> this purple pride. the wager our top cop is making on the game when we come back in 60 seconds. . >>> the owners of a clinic forced to close are keeping quiet but the family is talking. tonight they're opening to us in an exclusive interview. >> you'lla witherspoon was a private person. after we found them by digging through state records, the family decided the time was right to tell her story. when you dine out an inspection lets you know the restaurant is safe. same with your car, the daycare. the state looks at all these things to protect you and your family from harm. but sometimes we just assume things are getting a closer look. >> they think my barber needs to be certified. there has to be some oversight
honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. 33 we're fflllwwnn a developing sttrr out of allbama.... & wwere a five-year-old boy ss pinally frre .... after being 3& foo earll a week.craig boswell joins s from midland 3 situation has come to an end. 3 just tto dayy beeore his th birthday aaents rescuu a little boy from is captorr &peeding a hhstage situation that hhd dragged on for seven days. ((insert pkg)) a drammtic conclusion to the hootagg siiuaaion endeddafter p-b-i agents stormed the gunmmn's bunker ttis pfternoon. richaadson psys: "within thh ppst 24 hoors, neggoiaaioos deteriorated and mr. dykes was obseeved holding a gun. at &pthisspoint, fbi agents, fearing the child was in imminent dangerr entered thh
at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. 3 winning the super bowl... doos have one disadvantage... getting behind thh eight ball - in frre agency.ravees -m ozzie newsomm said hii organization is about 5 weeks behind schedule...as ar as the off season goes. goes.but it'ssa problem... he welcomess...//.morgan adsit... top prioritiis... ffom their season review... presser. prrsser. -3 3 3 review... presser. ppesssr. ,3 one of the most important off- yeaa ago was signing free agent kkck returnerjacoby jones...he got a two-year, 7 million dollar conntaat, which isloooing like a bargain fter his two touchdown performance -3& in the super bowl.when asked & if he'd be interessed in long-term extension,,jones said yesterday quote, i wann tooretire a raven. 3 with football over,,..// coll
a subaru a subaru. hey! hey honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. common sense... sayss.. don't insult the judge... whennyou'reetrying to get outtof jail jail"iq::count one will be 0 thousand... q::bleep, fliip off judge." pudge." p penelope soto ppeared in miami-dade bonn courr for illegal possession of xanax. when the judge raises hhr bond from five to ten curses at himm.. and flipp him the finger....and that's when thingg get really ugll. "iq: did you say bleep to couuty jail."thirty days in the ouutroom antics earned her the another thirty days in the county jail for contemmt of 3& common sensee.. not... the magic kinndom...// but... it's origi/ original...// the navy seals killed osama bin abbot-a-bad..../ is... the s
commonnsense hey! hey honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. pant to be cccaine alwwys haveea clean air of underwear...// underwear..../ two women werr apprehenddd ...aa "j-f-k" airport... while smuggling cooaine... in... duut tape diapers...//. they were flyingg.. from the dominican republiic.. / "k-9"... went bonkers... / authorities noticed the other suspect... had a - weerd alk...//. rash.. s nothing... to... carrying... ovee three kilos... of cocaane...// soo heir... &pfrre.../// . 3 ommon sense says on't woman has neverr een burdened --3 with common sense. sense. this ohii woman .....eing transsprted in the -3&pbacc of aa quad car ... takes her nger out on the car.../ and it'
at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. >>> sex only burns about 21 calories, contradicting claims that it's a vigorous fat burning workout. the national institute of health funded study says that most claims about the calorie burning potential of sex is based on one hour increments, but the study worked off an average time of six minutes, but there were a good six minutes. another study on cleaning out your ears will probably be published soon as well. >> there's jogging and sprinting and different versions of everything. >> yoga. >>> before we get too far, the seven-day forecast, look for light snow saturday night and into early sunday. probably only about an inch or so of accumulation. cold weekend, and check this out. a live shot of new orleans if i can get
, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and
, but anyone can help a foster child. ao taxing. the forms, the math. uh, that one. but, with free file from the irs, it can be far less taxing because free file does all the hard work for you, with brand-name tax software or online fillable forms. even better, free file is free and it's exclusively from the irs at freefile.irs.gov. she's done. give it a shot. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. >> reporter: welcome back to our continuing coverage. the quest for the comeback this is video from the mission district. courtesy of our helicopter a partnership with abc seven. the police are staging a large amount of police. i know there are going to be double the amount compared to one the 49ers a celebrated in the month of october. >> pam: a san francisco city officials have made a point of stressing to everybody they want you to have fun
away from its all-time high and a taxing debate in washington. president obama once again says he's going to seek to get new revenue to help bring down the deficit and specifically, he's now calling out carried interest tax breaks again. we'll see where that goes. plus, the story that everyone is talking about this morning, the ravens holding on to beat the 49ers in the super bowl after the lights went out for 45 minutes at the superdome. we're going to try to keep the lights on. "squawk box" begins right now. ♪ if you like it then you should have put a ring on it ♪ ♪ if you like it then you should have put a ring on it ♪ >> good morning, everybody. i'm becky quick along with andrew ross sorkin. joe kernen is on vacation today so we're joined by steve liesman. we're happy to have him here. our top story this morning, the market. we have assembled a trio of wall street's most respected voices to join us for the next hour. we have a lot to talk about this morning. plus, there is that issue of the lights going out at the super dole last night. officials say an abnormality in
. coming up, a georgetown icon accused of not paying their taxes. what georgetown cupcake has to say. >> anger in some parts after- school s >> a former culpeper police officer has been sentenced to three years for the shooting death of an unarmed woman. >> jeff goldberg was in the courtroom and has the reaction tonight. >> when the morning began, we were not sure if you would have a hearing today or if the judge was going to grant the defense a mistrial after issues of jury misconduct revealed a couple days ago. the judge decided the verdict was fair and legitimate and daniel harmon-right is now in jail for what could be three years. before daniel harmon right was led into jail after sentencing, his lawyer said this about punishment. >> i don't think anybody can do anything worse to him. after the judge ruled wednesday's verdict would stand, despite jury misconduct during deliberations, the trial moved on to sentencing. harmon-wright again taking the stand, fighting back tears saying, "i am depressed all the time. i think about this every waking second of every day. this will never
body was buried there. >>steve: straight head, he vowed not to raise taxes and his state is thriving. now louisiana governor jindal says he wants to share his tips with our present. brian's exclusive interview with that man interview with that man next. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. fox our financial advice is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] [ male announcer ] life brings obstacles. usaa brings retirement advice. call or visit us online. we're ready to help. learn more with our free usaa retirement guide. call 877-242-usaa. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets bra
heevilyá... subsiiiied... with your tax dollaas. 3 pepoots - just released emails betwwen top statt officials - 33 are raisiig new questions. & qqestions. 3 a contrrversialldevelopment project worth more than a -3& pillion dollars.a group off 3 the staaee successfully arguing it was never properly put out or bid.and llst month - judge ruled the deal state officials struck with aaprivateedeeeloomenttteam was in violation of roouuement -3 laws.now - emails just obtained by fox 45 indicate... someeprrject insiders didn't thiik it áááá"smellee good" áááeitherrturns out all the developers had politicaa ties maaorrcampaign contributorr. 3emails... the overnnr himsslf - áá(show eail)áááá apprroed the curreett -3 development teem - beforeeit was preeented to the board off publlc works.afterwards.... state fficiaas - (show pii - pf matt gallagher) - ááá(( show email)ááá celebrattd the contraat's approval at the owl & staff (show pic of matt pallagher) congraaulateddthem. noting it'' "not everyday you get to be part of a 10-figure - it."marta
wants more "revenue." >> and looking to expand it. >> republicans would have been blamed for any tax increase on the middle class. >> the end result being he takes more money off of wealthy people. >> it slows us down gradually. >> many can say texas don't matter. of course they will in the long run. stuart: here we come. what a perfect moment to throw it to dagen and connell. connell: good morning, everyone. dagen: america is a good bet. here to tell you why. connell: one of our guests in this hour could be the next energy secretary. dagen: more on the power outage and the record-breaking at cbs sports for that incredible game. connell: and cyber attacks, the white house considering action against china. dagen: i had the ravens, did you? by a field goal, 27-24. connell: nobody knows football like dagen mcdowell. clearly. dagen: stocks now has to do every 15 minutes, nicole petallides at the new york stock exchange. nicole: a good bet going. if yo you're betting on the mar, 14,000 mark a little disappointed today, we are pulling back, dow jones industrials down 116 points right now.
$84. they talked about payroll tax increases. it is in a more competitive environment. the easy way for walmart is over. a little bit of a pullback is expected. back to you. melissa: thank you so much. a big month in january. we get to the bottom line with elizabeth macdonald. why is this? >> you have been talking about that great rotation. we have not seen a start like this in 15 years. in the month of january alone. it surpasses what happened all of last year combined for all four quarters. the bears have left the building. the s&p forward earnings that we are looking at are still cheap versus the october 27 peak. the s&p 500 was trading at 13. if it hits 14, then you are talking s&p 1600. if it hits 16, you are talking s&p 1700. are we setting up a classic bear trap? that stock has gotten ahead of the economic recovery. we are seeing the togo war on whether or not we will have a downdraft by end of year. melissa: who is winning? >> though bulls are winning for now. if there is a pullback there, you could be in a downdraft air up. melissa: thank you so much. lori: this has been th
, ken molestina, wusa 9. >>> and from stolen jewel rye we go to stolen identity. this is tax season now, but imagine this. you try to file your taxes only to find someone has beaten you to it. this is the nightmarish reality for millions of americans and many of them are your neighbors. >> that's right, derek. i have learned that this is a crime where you can be victimized over and over again. according to the treasury inspector general for tax administration, nearly 1.2 million of these cases were reported to the irs in 2012. and tonight, the two people you're about to hear from say they now live in constant fear. >> my accountant gave me a call on the telephone and told me we couldn't file electronically. >> reporter: the irs granted jonathan again an extension to file his 2011 taxes. he needed the time to grieve the loss of his daughter, alexis. she was full of life, even as a brain tumor took a toll on her little body. >> she was an amazing little girl. never complained once. >> reporter: alexis died just a few weeks shy of her fifth birthday. when jonathan mustered the energy to fi
continues to push an approach that includes more tax revenue along with spending cuts. but house speaker, john boehner, says tax hikes are out of the question. >> every month under president obama, kind of feels the same. high unemployment, a rising prices and more debt for our kids and grandkids. enter speaker boehner does not want another temporary fix. some house republicans have indicated they will let the automatics cuts take effect. if there's no long-term agreement to reduce the deficit. those cuts would take a big bite out of military spending and domestic programs. including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> it was supposed to be just a vacant apartment building, but today an incredible fast moving fire killed two people who were living inside it. firefighters were hurt today while battling the blaze on r street and southeast. bruce johnson reports, squatters, not uncommon in our nation's capital. >> a motorist passing by was the first to see planes planes -- flames pouring out of the building. >> i don't know what happened. >> it took
talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. i can't believe your mom let you take her car out.ck! this is awesome! whoooo! you're crazy. go faster! go faster! go faster! go faster! no! stop...stop... (mom) i raised my son to be careful... hi, sweetie. hi, mom. (mom) but just to be safe... i got a subaru. (announcer) love. it's what makes a subaru a subaru. . >>> abc-2 use is brought to you by edward arthur jewelers. >>> what a discovery they made in spain. not a regular crab, a blue crab, but a really old spyder crab. 100, 000,000 years old. it was found in a quarry in northern spain. it pushed back the origin of spyder crabs. >> to of our favorite animals. the spieder and the crab. >>> well, you know, at one point we thought we could have a decent coating of snow. doesn't look like it is going to
, catherine! have we met? yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. fichlt abc 7 fuss i team uncovered new complaint of excessive force used by vallejo police. this incident caught on camera. >> keep in mind the department is already reeling after a violent year including 6 people shot and killed by officers. >> dan is here now with an exclusive i team investigation. >>reporter: the story began when package arrived in the mail from someone inside the department. dvd. police report. letter complaining about a cowboy attitude by officers and command staff. imagine you are a police officer on patrol. warm enter day. when the call comes in. 22-year-old complaining his roommate beat him up and kicked him out of the apartment. >> are you injured. >
. the fbi is promising that in the next few hours. >> tax hike to high income earners. he may be going to the well again. the president insists he needs more money to reduce the deficit and will likely focus on a familiar target. white house correspondent wendell goaler tells us how that is going over. >> as the president headed to minnesota to talk about gun violence, republicans on capitol hill tried to keep the nation's attention on fiscal matters. >> we are having trouble in large part because spending is a problem. it is what is chasing jobs overseas and causing much anxiety about our future. >> sunday in a presuper bowl interview with cbs's scott kelly mr. obama said this year's tax changes shouldn't be the last. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down the deficit. he is not talking raising rates but closing loopholes especially those making money from investment pay a lower tax rate than income salaried or hourly wage earn ers. >> the average person doesn't have access to cayman island reports. they don't have
will get back to you if there are more details. the fbi is promising that in the next few hours. >> tax hike to high income earners. he may be going to the well again. the president insists he needs more money to reduce the deficit and will likely focus on a familiar target. white house correspondent wendell goaler tells us how that is going over. >> as the president headed to minnesota to talk about gun violence, republicans on capitol hill tried to keep the nation's attention on fiscal matters. >> we are having trouble in large part because spending is a problem. it is what is chasing jobs overseas and causing much anxiety about our future. >> sunday in a presuper bowl interview with cbs's scott kelly mr. obama said this year's tax changes shouldn't be the last. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down the deficit. he is not talking raising rates but closing loopholes especially those making money from investment pay a lower tax rate than income salaried or hourly wage earn ers. >> the average person doesn't have acc
not have to pay the amt. it also changed the estate tax bumping down the rate of little bit lower than what it had been over the exception of little bit higher. the numbers we just show you, the real numbers will be much worse. we will find out at 1:00 o'clock. back to you. dagen: are we going to be in a statement from the white house at 1:15 p.m.? rich: he will talk about the sequester. he will push for congress to pass a smaller package of spending cuts and tax reform to avoid the economically harmful consequences. he wants tax increases and spending cuts. the tax issue is closed, says the republicans. dagen: thank you for that update. for more on the outlook and what the president will say this afternoon, we go to michael perrone. michael, good to see you. start with this cbo report. will it influence policy and what happens in washington and even the smallest way? >> the cbo is required to give a fictitious look forward at the budget numbers. it will be higher than projected unless other action is taken. the medicare doc fix, for example, will not go away. they have been voting in every
kelly for a prefragame intervie. talked about the possibility of another tax hike. president obama talked about america's favorite past time football as millions of us were getting ready to watch the super bowl, he clarified comments. when he wasn't sure he would let his son play football. here's the latest response. >> it is a great support. i am a huge fan, but there's no doubt that some of the concerns that we have learned about when it comes to concussions have to give parents pause. as i said before i feel differently about the nfl. these are grown men, they are well compensated they know the risks that are involved. but as we start thinking about the pipeline, high school, college. i want to make sure we are doing everything we can to make the school safer. that means the game is going to evolve a little bit. for those of us who like to see a big hit and enjoy the rock em sock em elements of the game we are probably going to be occasionally frustrated. i know defensive players guess frustrated becauseth changes in the rules. we want to paining sure after people play the game
flacco. the salary-cap situation would avoid having to use the franchise tax on flacco. they will not repeat mistakes following the first super bowl where they had to mortgage the future to repeat the chance. they want to make it clear -- they are not going that route again. >> we are not going to get caught up in the moment and do things to our salary cap and make decisions in the euphoria of winning that could hurt us in 2014 and 2015, like we did in 2001. every single veteran was restructured so that every single veteran could stay. then we ended up losing some many people next year. you have to make sure the excitement of the day does not cloud what we promised to build, and that was a consistent when -- -- win. >> it was really interesting to watch today. >> and the big thing is the future. that is the idea of, it is great to be super bowl champion. that is the goal. do not get caught up trying to be the repeat champion. the overall philosophy, at every year you try. >> kudos. you did a bang up job this season. >> today. >> it was great to share with you. >> you h
. a credit downgrade and the state essentially broke gov quinn faces a tough tax to will also push for a vote on same-sex marriage in the opening primary where anybody can vote regardless of affiliation. former chicago area congresswoman collins has died her death reportedly due to natural causes, it happened over the weekend. she may not have made headlines all the time but she became a very influential representative of capitol hill always fighting for social justice and health-care initiatives for lower income people. she became the first african-american woman from illinois to serve in congress but she became so much more. she was meant to be a place holder, of course when she got there she decided this is where she wanted to stay. she was reelected for 12 consecutive terms from 1973- 1997 congressman danny davis with the backing tried to see her twice the put danny davis in their.re she beat him. she represented the district and working-class people she knew what the needs of the district were and she represented the city of chicago. she was one chicagos political women's rights advocat
. president obama is asking congress to come up with short term spending cuts and tax revenue to delete automatic spending cuts to kick in on march 1. today the president urged lawmakers to pass a smaller package for now to stop the damaging effects of across-the- board cuts. >> the jobs of thousands of americans who work in national security, education, clean energy, there is no reason they should be put in jeopardy because folks in washington could not come together. >> john boehner said additional tax increases are out of the question. he said americans do not support sacrificing real spending cuts for more tax hikes. >> maryland lawmakers have a few things on their mind. how about golf cart zones on highways or a hefty fine if you make a grocery cart suffer abandonment. those are being considered in annapolis. >> what time is it? >> game time. >> there is a lighter side to conducting business in annapolis. legislators sometimes poked fun at each other's bills. this webcst highlights several -- webcast highlights several. >> it's femurs to have a little fun. not take everything so se
, -- >> then they should pass a smaller package of spending cuts and tax reforms. >> get us through the fiscal year and give congress time to work on a budget. >> we should give them a chance to come up with this budget instead of making indiscriminate cuts now that will cost us jobs and significantly slowed down our recovery. >> both sides agree something has to be done, but how? republican leaders are digging in their heels against more tax revenue. john boehner believes there is a better way to reduce the deficit but americans do not support sacrificing real spending caps for more tax hikes. the president signaled yesterday he might be open to changes in medicare and social security. >> coming up, a powerful earthquake triggers a five-foot tsunami in the south pacific. the latest estimates on the damage. you could soon go all we can without mail service. why the post office is cons >> at least five people are dead in the solomon islands following a tsunami in the south pacific. this was triggered by a powerful earthquake. the tsunami reached a height of close to 5 feet. dozens of aftershocks ran
in it, we don't tax you think about it. it is as if because we know it was awful, we can somehow pretended was not part of american culture. >> and early 20th century -- eugenics, in early 20th century. >> "washington journal" continues. michael're back with burgess, a republican and vice chairman of the energy and commerce subcommittee. thanks for talking to our viewers. guest: thanks for having me. host: republicans are saying to avoid the automatic spending cuts, we need entitlement reform on the table. president obama said yesterday if we cannot agree to something long-term like entitlement reform, let's do something short-term. do you agree? guest: no. president obama should be talking about the next sequester, because this one is happening. it was postponed to march 1 on the first and january. this is a promise that we made, the congress and the president made to the american people in order to get our fiscal house in order if we could not come up with the cuts, the savings to do that, these cuts would be automatic. host: you are ok with them? guest: i don't like it. the re
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's paycheck went down as taxes went up. that will take $200 billion out of the economy. now you have got gas prices spiking. that's going to take even more money out of the economy just as the economy starts to slow down and contract. the timing as you said could not be worse. gregg: you are such a kill joy on a monday morning. stu varney. martha: so this spike at the pump appears to be no fluke but a part of an ongoing trend. gas prices have gone up for 18 consecutive days. 18 states have gas prices higher than the national average. they are feeling the pain of that more than the rest of the states. we are just getting started on this monday morning. gregg: ahead. a deadly chain reaction crash involving a tour bus. details on what investigators think went wrong in a live report. martha: president obama in his super bowl interview. he dropped a bit of news. he is pushing once again for increased revenues. there is only one way to get those these days when you have got an economy that's not growing. former president wash adviser karl rove is here with us next. gregg: a little boy in alabama s
revenue is needed to bring down the deficit but believes it can be done without another tax hike. speaking to cbs news anchor scott pelley yesterday, the president said the u.s. can reduce its deficit by closing tax loopholes and making what he calls smart budget reductions. >> if you combine those things together, then we cannot only reduce our deficit, but we can continue to invest in things like education and research and development that are going to help us grow. >> well, today the president travels to minneapolis where he'll push for proposals to gun control durs his visit. susan mcginnis is in washington. good morning. >> good morning. this will be the president's first trip outside washington to push his gun proposalproposals. he's pushing for a big rally in support of this. in the meantime the senators are said to be preparing their own legislation very similar to the president's employee posal but conspicuously absent is the assault weapons ban. he takes his pitch for gun safety to minneapolis today. he wants congress to require universal background checks, limit how many bullets
and the security measures include heat sensitive ink and art work. >> counterfeiters do not pay taxes or health care or provide pensions, they are criminal organizations. they are criminal parasites making money off of the hard work and innovation of others. >> during the operation, authorities have arrested 23 people in connection with sports merchandise counterfeiting. in new orleans for abc7. >> the coast guard and the national park service will be joined to educate dog owners of beach safety as part of the awareness campaign. there have been five drowning deaths at bay area beaches since november. in each case, the victim had their dog with them and some of them jumped in the water to save the pet at a wave swept them in the ocean. officials want to educate dog owners on hazards including what to do if their pets get swept to sea and how to swim out of a rip current. >> in sonoma, health officials are investigating the first confirmed rabid cat case in the county in 16 years. the domestic cat bit someone in glenn ellen and that person received a rabies shot. officials say the incident highl
and tax reforms to delay the sequester until a long-term solution is found. >> proposals that i put forward during the fiscal cliff negotiations in discussions with speaker boehner and others are still very much on the table. >> solvinging america's problems starts with what every family does every month. they have got to do a budget. >> senate republicans say they will examine the president's plan but they also plan to introduce their own to avoid the first year of defense cuts by reducing the size of the federal work force through attrition. also, president obama will be visiting israel this spring. the president and israeli prime minister binyamin netanyahu talked about the trip in a phone call last week. the white house says the visit is an opportunity to reaffirm the deep bond between our two countries and also provides an opportunity to talk about the way forward on iran and syria among other issues. the dates for the trip not yet announced. >>> we are getting a look tonight at that accident that led to the season-ending injury for olympic gold medalist lindsey vonn. why some
? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> it hasn't sunk in yet. crazy. unbelievable. tough to put into words because it just really hasn't sunk in yet. i don't even think it's sunk in that we're here, let alone won the thing, so pretty cool. >> the way that game played out when it was 28-6 and the lights went out and whatever happened, i just knew with jim harbaugh being on the other sideline and all those years that we've been together, that that game was going to be a dogfight right to the end. that those guys were coming back. >> i just try to let my teammates at this moment know what we feel like. and last night when i had the conversation with them, you know, that just came directly from my heart to tell them what this feeling would feel like and what god has showed me and for us
in their paychecks because of this payroll tax. >> that is a real concern, right? so americans are continuing to feel the pain of the economic recovery being very slow. the bottom line is the bureau of economic analysis said the shrinking economy is a cause by a reduction in government spending. so the president is drying to say look we have to get stimulus into the economy. we need to get everyone back to work. that is caused by more spending not less spending. >> the democrats have proposed you cannot spend your way into prosperity. nor you can't tax people into prosperity. what you need to do is let the free markets take control. and basically in washington, d.c., we have bigger government. the president appointed 32 czars. what are those czars doing? >> czars is just a shortening of their actual title which is normally long in the federal government. i think that bureau of economic analysis saying that the cause of the shrink damage is due to the reduction in spending that's something we need to look at. >> we have reduced spending. >> talking about they are happy to hear the president talking ab
surprised his colleagues and introduced an amendment. it would impose a sales tax on gas in virginia. that would take the place of current gas tax. it would eliminate the sales tax hike mcdonnell had wanted and scrap the hundreds of millions of dollars in fee increases the governor was pushing for. >> dog owners will rally in annapolis this morning in hopes of earning more protection if their pets bite someone. pit bulls and their owners are singled out for punishment even if the dog has no previous estimate of being dangerous. the demonstration supports a new measure holding all dog owners responsible for a bite. it allows the owner to prove in court that the doing was not dangerous. >>> the debate over immigration reform will play out today at the white house and on capitol hill. president obama will meet today with labor leaders and immigration reform groups to discuss his plan to reform the nation's immigration reform laws. he'll discuss the issue some of the country's most prominent ceos. across town, there will be the first in a series of hearings on immigration reform. >>> new
. >>> as tax season starts, a federal judge repealed to enforce new regulation on tax preparers. the irs wanted to have tax preparers pass a competency plan. the irs wanted the regulations to take effect while they appealed the decision, but the judge denied that request. the irs says the rules are needed to address an increase of what it calls poorly filed returns. >>> and the earlier you file, by the way, the better. tax services say if you wait to file your taxes, there's a chance you could become a victim of identity theft. if that happens, it could mean big problems for you come refund time. >> they'll get ahold of their social security numbers. they can get ahold of their social security numbers for their dependents, their children they claim on their tax return. that can cause massive delays in them getting the refund. >> tax companies say fraud stst are already working to steal identities. >>> some drivers in virginia are complaining about the price of driving on the new 495 expressway. many say the toll goes up even when there aren't any traffic issues in those lanes. transurban, which
will be reached by the march 1 deadline. he urged congress to pass a smaller package of spending cuts and tax reforms to delay the sequester in a budget can replace it. >> the threat of massive automatic cuts have already started to affect businesses decisions. deep, indiscriminate cuts to things like education, training, energy, national security will cost our jobs. >> the president's budge set late again. democrats haven't done a budge net nearly four years. and none of them have aa plan to replace the sequester. the sooner we solve our spending problems, the sooner our jobs problem will go away as well. >> president obama says the proposals he offered boehner late last year during the talks over the fiscal cliff are still on the table now. >>> it was hot topic during presidential campaign. but a hot potato for some lawmakers. now immigration reform is taking center stage. steve handelsman joins from us capitol hill where the results of the november election left some republicans more open to overhauling the laws. >> reporter: maybe a lot more open. republicans up here on capitol hill in gr
years running. visit texas. wide open for business.com and see why our low taxes, sensible regulations and fair legal system are just the thing to get your business moving to texas. >>gretchen: that's smart. that's really, really smart marketing. first of all, a lot of companies have moved to texas. no state income tax, among other things. although the governor of california, jerry brown, tried to blow it off. not that big of a deal. watch this. >> $26,000 and the smallest entry into the media market of california. should i liken it to when you sand in the ocean? no. it's a big nothing. >>steve: when he was walking off apparently, he said this -- quote -- "it's not a serious story, guys. it's not a burp. it's barely a -- and then he used a word we don't use in our house." >>gretchen: come on. that's on my kids' star sheet every day. if you don't fart, you get a star. >>brian: parents have a responsibility on making the diet a -- >>gretchen: no. >>brian: if i was governor brown, i would use that as leverage to get taxes down, to pressure lawmakers to say look what texas is doing. busine
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